A former National Football League (NFL) player for fraudulently obtaining over $1.2 million through a Paycheck Protection Program (PPP) loan guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
According to court documents, Joshua J. Bellamy, 32, of St. Petersburg, Florida, a former NFL player, pleaded guilty on June 9 in the Southern District of Florida to conspiracy to commit wire fraud. As part of the fraud scheme, Bellamy obtained a Paycheck Protection Program (PPP) loan of $1,246,565 for his company, Drip Entertainment LLC (a DJ business), using falsified documents and false information. Bellamy admitted to using the PPP loan proceeds on personal items, such as jewelry, and a stay at the Seminole Hard Rock Hotel and Casino. Bellamy also sought PPP loans on behalf of his family members and close associates. Bellamy further admitted that he paid more than $311,000 to an alleged co-conspirator, James Stote, as a kickback for his assistance in preparing and submitting the fraudulent loan application.
Bellamy, who played for the Jets and the Bears of the National Football League, was sentenced to 37 months in federal prison. In addition to his prison sentence, he was ordered to serve three years of supervised released and pay $1,246,565 in restitution and $1,246,565 in forfeiture.
Juked when he shouda jived.
Sounds like him and Stotes ain’t friends no more. Where is this James fellow anyways. Could be this all is a big misunderstanding. And Stotes will straighten it out when the find him. HaHaHa
You can take em out the hood, but you can’t take the hood out of em.